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Beyond Shifting Wealth

Perspectives on Development Risks and Opportunities from the Global South

image of Beyond Shifting Wealth

Emerging and developing countries have grown faster than advanced countries since the 2000s. This shifting weight of global economic activity from 'the West' to 'East and South' is referred to as 'shifting wealth'. But in recent years, a number of factors, such as lower commodity prices, seem  to have brought this movement to a pause. Is the period of rapid growth in the emerging world over? This anthology takes stock of the situation and goes beyond the 'shifting wealth' narrative. It offers a forward-looking perspective on global risks and development opportunities over the next 15 years. It collects the perspectives of thought leaders from developing and emerging economies, offering their views and solutions on the most pressing global development challenges.

The first chapter provides the OECD Development Centre's analysis of major development trends. These trends include: slowing growth in China, the end of the commodity super cycle, increasing difficulty accessing global financial markets, demographic transitions, faltering job creation, rapid urbanisation, the negative effects of climate change and conflict and security. These challenges also provide development opportunities. Twelve thought leaders and development practitioners from the global South explore these opportunities in four thematic chapters. They deal with issues such as: structural transformation in a new macro environment; inclusive societies; energy and the environment; and new forms of development co-operation.

The anthology provides a starting point for dialogue and exchange on these risks and challenges as well as potential solutions to them.

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Overview

development prospects in a new global context

OECD Development Centre

This overview chapter provides a scan of the major risks and challenges that developing and emerging economies may face looking forward. It first gives an overview of the development context over the past 15 years. The chapter then examines major development trends over the coming 15 years, including: the end of the commodity super cycle, access to financial markets, demographic transitions, job creation, urbanisation, climate change and conflict and security. The chapter finishes with a roadmap to the rest of the anthology that summarises the key messages from the anthology’s contributors.

English

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